Yoshitsu Co. Ltd. announced that the Company has entered into four franchise agreements with its franchisees to open four new franchise stores (the "Stores") under the names "TOKYO LIFESTYLE" and "reiwatakiya" to adopt an asset-light business model. TOKYO LIFESTYle and reiwatakiya stores provide various household goods and products.

Three of the four new franchise stores will be located in Tokyo, and one will be located in Nagano Prefecture. With the new business model, the Company hopes to build strong store brand awareness and accelerate its business expansion by leveraging the advantages of strategic alliances with franchisees. Pursuant to the Agreements, Yoshitsu grants the franchisees the right operate the Stores under the names "TOKYo LIFESTYLE" & reiwatakiya".

Yoshitsu agrees to provide management support to the franchisees, while the franchisees agree to take charge of daily operations under the guidance of Yoshitsu.